The Bank of Tokyo-Mitsubishi (BTM) has extended its use of financial software company Cognotec’s online foreign exchange trading system in Japan.The bank has licensed Cognotec’s AutoDeal+, a multi-channel forex trading system, in addition to AutoDeal Lite, which BTM has used since 2001 to automate foreign exchange pricing and trading for its clients. The extension of Cognotec's services comes in conjunction with the bank’s roll-out of its own branded forex trading platform, FX@BTM.
Kenichi Nakao, senior manager of BTM’s foreign exchange and treasury division, said: “On the FX@BTM service, our clients and branches enjoy real-time foreign exchange price updates and much improved internal workflow because of the ease of importing trade data into their own internal applications. The Cognotec AutoDeal+ service also gives us a means to easily integrate into our own internal systems for real-time position keeping, settlement and pre-deal credit checking.”
More on Technology
Focus needs to be on reacting, not stopping every threat
Companies can wring more value from regulation-mandated data
Risk's annual round-up of new software developments
Markup language could reduce high levels of operational risk
Sign up for Risk.net email alerts
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.